BENEFIT OF PPF(PUBLIC PROVIDENT FUND) ACCOUNT

BENEFIT OF PPF(PUBLIC PROVIDENT FUND) ACCOUNT

PPF accounts – Hello friends  as you all know that there are so many investment plans are available in the market . Different investment plans have different kind of benefits. One of them is PPF account which is available for everyone from children to senior citizens. So if you are invest in PPF plans its become your best plan, as you will get different kind of benefits in this investment.

TYPE OF BENEFITS IN PPF INVESTMENT

PPF INVESTMENT LIMIT.

PPF INTEREST RATE.

NOMINATION FACILITY.

LOAN ON PPF ACCOUNT.

WITHDRAWAL OF PPF AMOUNT.

PPF AS TAX SAVING INVESTMENT.

PPF AS SOURCE OF EARNING.   

PPF AS RISK MANAGEMENT SOURCE.

As you all want to invest your money in different kind of policies .So its best to invest into PPF .PPF not only help in saving your money but also provide handsome amount of interest on PPF amount. Which decided by government and there is no fixed rate of interest but basic idea is that, its start from 8.5%  to 9.5% on your PPF amount. So it is in government hand but As per past year data interest on PPF is about 8.7% .

PPF INVESTMENT LIMIT

The minimum limit of investment is Rs 500 in year with effect from Augest2014, and maximum is Rs 1.5 lac in a year .In PPF a customer can not invest more than Rs 1.50 lac per annum. If you do so your excess amount will neither eligible for rebate under section 80C nor you will get interest on that. So invest only that much amount whatever is limit given which is 1.50 Lac (KNOW HOW MUCH INVEST)

PPF INTEREST RATE

From 01 April 2013 interest rate is 8.70 in PPF account and that earn interest amount is Tax free.

BENEFIT OF PPF(PUBLIC PROVIDENT FUND) ACCOUNT

NOMINATION FACILITY.

Nomination facility is also available for the PPF account holder .You can keep one or two nomine for your PPF account and also shares of amount can also decided for nominees.

SOURCE OF EARNING

As I mentioned above that if your going to invest your money into PPF then you will get a great amount of interest on that.  This interest  rate is  change day to day but will remain on maximum 9.5 and minimum 8%  as per government policies. It is decided by government that how much interest they want to keep as per there market conditions.

PPF AS TAX SAVING INVESTMENT.

Because PPF is good option for portfolio but also its best way to save tax . Yes tax saving is another benefit for PPF holder .Government decided about to give deduction of Rs 150000 to every PPF account holder. So you can save your allot of tax through PPF. Deduction limit is changed from this year ,for the assessment year 2015-2016. So friends better to invest your amount in PPF instead of keeping it fixed deposit or other plans.

Another benefit is that whatever interest  amount you are going to get that is also tax free. But if you take fixed deposit then whatever interest you will earn on fixed deposit that will be taxable in assessee hands and include in his total income.

PPF RISK MANAGEMENT.

Risk in any investment plan ,this will checked by every one . As you all know that in share market there are lots of risk and in another field also .if you take PPF then no need to worry about your money because it will always handle by government and also interest rates are also decided by them.

So friend its better to have PPF account as you already read above points .So before going for any investment don't forget to invest your money into PPF if you want to save tax.

(KNOW CAN YOU OPEN JOINT PPF ACCOUNT)

(KNOW HOW MANY PPF ACCOUNTS YOU CAN OPEN)

(KNOW WHEN YOU HAVE TO PAY TAX ON PPF ACCOUNT)

 (KNOW HOW MUCH AMOUNT TO INVEST IN PPF ACCOUNT )

( LIST OF DOCUMENT FOR OPEING PPF ACCOUNT)

(KNOW WHAT TO DO IF YOU MISS TO PAY AMOUNT IN PPF)

( RULES FOR NON RESIDENT INDIANS FOR OPENING )

BENEFIT OF PPF(PUBLIC PROVIDENT FUND) ACCOUNT,PPF INTEREST RATE.NOMINATION FACILITY.LOAN ON PPF ACCOUNT.WITHDRAWAL OF PPF AMOUNT.PPF AS TAX SAVING INVESTMENT.PPF AS SOURCE OF EARNING.   PPF AS RISK MANAGEMENT SOURCE (KNOW )HOW MUCH AMOUNT TO INVEST IN PPF ACCOUNT )( LIST OF DOCUMENT FOR OPEING PPF ACCOUNT)(KNOW WHAT TO DO IF YOU MISS TO PAY AMOUNT IN PPF( RULES FOR NON RESIDENT INDIANS FOR OPENING )